Built-Out Restaurant
60 El Jebel Road, Carbondale, CO 81623
For Sale
$475,000
Commercial Sale, Carbondale, CO
Property Size1,346 SF
Price / SF$352.90
Days on Market263
Property Features for 60 El Jebel Road
General Information
Property type
Property subtype
Zoning
Subdivision
Directions
Standard status
APN
Size
Taxes and HOA fees
Tax Description
Legal Description
Building Details
Year built
Floors in Building
Building materials
Listing Agency:
Setterfield & Bright
(970) 920-1833
Listed By:
Angi Wang, CNE · License CO FA100022102
(970) 274-6117
Added: Feb 23
Changed: Nov 3
Last Checked: Nov 12 at 7:06PM
MLS# 191962
Copyright © 2026 Aspen Glenwood MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
The restaurant space comprises 1,346 square feet and was remodeled in late 2022. The existing premises are built out for restaurant operation, and the transaction covers the lease rather than the real estate.
Approximately two years remain on the current lease, with a five-year extension option. Seller financing is available.
Approximately two years remain on the current lease, with a five-year extension option. Seller financing is available.
Key Highlights
- 1,346‑square‑foot restaurant space
- Remodeled in late 2022 and built out for restaurant use
- Lease acquisition only; real estate is not included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,381
Cap Rate
4.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$387,620
$387.6K
Cap Rate 7%
$276,871
$276.9K
Cap Rate 9%
$215,344
$215.3K
Market Conditions
NOI Build-Up for 1,346 SF
Gross rent
$27.0K $20.04/SF
− Vacancy
−$1.1K −$0.84/SF
EGI
$25.8K $19.20/SF
− OpEx
−$6.5K −$4.80/SF
NOI
$19.4K $14.40/SF
Area
Garfield County, CO
Vacancy
4.20%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$387,620
Cap Rate 7%
$276,871
Cap Rate 9%
$215,344
Alternative Uses
Best Use
Specialty Retail
$276.9K
$242.3K – $323.0K
NOI $19,381 @ 7.0% cap · market cap 4.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$352.5K
$308.4K – $411.3K
NOI $24,675 @ 7.0% cap · market cap 5.19%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
488
Businesses Nearby
59k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 41%
Shops & Services 25%
Dining 23%
Leisure 11%
City Market
Groceries
24,214 visits/mo
0.3 miles
Wendy's
Dining
13,829 visits/mo
0.0 miles
Conoco
Shops & Services
6,814 visits/mo
0.5 miles
Bow Tie Cinemas Movieland 7
Leisure
6,420 visits/mo
0.2 miles
Shell
Shops & Services
6,346 visits/mo
0.1 miles
Demographics for 81623, CO
16,110
Population
7,280
Households
2.2
Avg Household Size
40
Median Age
50%
College-Educated
88%
High-School Grad
433.8 sq mi
ZIP Area
37
Density / Sq Mi
$98,549
Median Household Income
$46,026
Median Earnings
$2,094
Median Rent
$835,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Restaurants in Garfield County, CO
Properties on Market for Restaurants in Garfield County
Vacancy Rate% for Retail in West region
Similar Off Market Nearby
- Epicurious Fine Foods LLC — 400 E Valley Rd, Carbondale, CO 81623
Frequently Asked Questions
What type of property is this?
Restaurant - The restaurant premises are offered through a lease acquisition; the real estate is excluded.
Where is this restaurant located?
The property is located at 60 El Jebel Road Carbondale, CO.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 1,346‑square‑foot restaurant space; Remodeled in late 2022 and built out for restaurant use; Lease acquisition only; real estate is not included
